FY2027 Small Area FMR · Forestdale, RI

ZIP 02824 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02824 (Forestdale, RI) is $1,750 a month, up 10.1% from FY2026. That is 7% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,750per month ▲ 10.1%

Area-wide 2 BR FMR$1,879Providence-Fall River, RI-MA

Rank in the area86thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,575

2 BR Small Area FMR$1,750

110% of SAFMR$1,925

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,330▲ 9.9%

1 BR$1,410▲ 9.3%

2 BR$1,750▲ 10.1%

3 BR$2,150▲ 11.4%

4 BR$2,440▲ 6.6%

FY2027 FY2026

Where 02824 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02824 has the 86th highest two-bedroom Small Area FMR. Providence-Fall River, RI-MA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,879 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,750 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,330	$1,197 – $1,463	$1,423	$1,210
1 bedroom	$1,410	$1,269 – $1,551	$1,509	$1,290
2 bedrooms	$1,750	$1,575 – $1,925	$1,879	$1,590
3 bedrooms	$2,150	$1,935 – $2,365	$2,302	$1,930
4 bedrooms	$2,440	$2,196 – $2,684	$2,615	$2,290

A household renting a two-bedroom home at the Small Area FMR of $1,750 needs about $70,000 a year to keep housing costs at 30% of income. The area median family income is $112,100 and the 80% low-income limit for four people is $89,700. ZIP code 02824 lies mainly in Providence County. See the Providence-Fall River, RI-MA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
02876	Slatersville	1.1 mi	$2,720
02896	North Smithfield	2.0 mi	$1,740
01529	Millville	2.6 mi	$2,040
01504	Blackstone	3.2 mi	$2,650
02895	Woonsocket	3.2 mi	$1,720
02826	Glendale	4.8 mi	$1,560

Questions

What is the Fair Market Rent for ZIP code 02824?

HUD's FY2027 Small Area Fair Market Rents for 02824 are $1,330 (studio), $1,410 (1 BR), $1,750 (2 BR), $2,150 (3 BR) and $2,440 (4 BR) a month.

What is the Section 8 payment standard in 02824?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02824 that range is $1,575 to $1,925 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02824?

The FY2026 income limits of the Providence-Fall River, RI-MA area apply: median family income $112,100, low-income (80%) limit $89,700 for a family of four.